You have to understand that as traders, there will be a continues shift of funds. So it bitcoin makes its run, altcoin suffer and vice versa. But as far as bitcoin getting below $7K, its possible, however, I don't think that we can go bottom again because its growing in the last couple of days.

The main thing here is how to react in such circumstance and take advantage of the situation. As I have said, its better to move your funds, go where the money is and don't stick on coins that lost its grip on the market.